Paying property taxes in Illinois can absorb a substantial amount of your budget each year. How much you end up paying depends on your location, the size of your property and other specifics. If you ever question the validity of the amount you owe, you have the right...
Real estate tax assessments generally rely on each property’s current fair market value. When Illinois homeowners find increases on their property tax assessments, they may appeal them. Commercial property owners may also appeal their assessments. As noted by Crain’s...
At some point as a homeowner in Illinois, you may feel the need to appeal your property tax assessment. This is your right, but exactly how does the appeal process work? The property tax assessment explained Property taxes finance the services your local government...
As a small business owner, you want to keep your bottom line as low as possible. One of the ways you may be able to do this is via property taxes. If you own commercial property, you owe property taxes to the state. If you feel that your last property tax assessment...
If you own property in Cook County, you know about property taxes. According to Smart Asset, tax rates for property in Cook County sit at 2.1 percent. Property owners who believe they pay too much in property tax may file an appeal with The Board of Review. If you...
Rental properties can add tremendous value to your real estate portfolio in Illinois. However, one obligation of owning rental properties is the responsibility to pay property taxes. Depending on factors including location and property age and size, your tax...
As a property owner, you could have a considerable amount of stress as a result of property taxes. Whether you have concerns about your ability to pay taxes or you become frustrated because you believe that a recent assessment was unfair, it is crucial to find answers...
If you owe property taxes, you could have various questions related to an assessment. From struggling with the taxes you owe to determining whether a recent assessment was unfair, taxpayers can have many different concerns. Moreover, it is helpful to familiarize...
If you felt surprised the first time you received a summons to pay property taxes, you are not the only one. Many people, especially first-time homebuyers forget that owning property means paying taxes on that property. A basic understanding of how officials assess...
Property taxes can absorb a sizeable amount of your budget and leave you wondering if you have overpaid. Since paying taxes is a law, you may feel helpless knowing that if you do not pay, you will face repercussions. Despite your tax obligations, you have the right to...
